This article is solely based on my experience using it. It has really been a
decade of usage in Zerodha. Now, as per my experience, I would like to
emphasise something that I find very interesting about it, and I think that
others should also know something from my experience.
decade of usage in Zerodha. Now, as per my experience, I would like to
emphasise something that I find very interesting about it, and I think that
others should also know something from my experience.
Well, there are lots of things that you may have heard or read somewhere about
it, but what I am going to share with you is very valuable information, and it
comes only to people who have used it for decades or more. lets start.
it, but what I am going to share with you is very valuable information, and it
comes only to people who have used it for decades or more. lets start.
The top five reasons why I find Zerodha very interesting are:
5. BROKERAGE
The most important thing that is seen by traders or investors before going to
open a demat account is brokerage, because brokerage is something that cannot
be neglected before choosing a demat account.
open a demat account is brokerage, because brokerage is something that cannot
be neglected before choosing a demat account.
You might be wondering why brokerage is important. The reason is simple:
brokerage is high, and if you are a trader who mostly trades short-term and
intraday, then you are going to pay a high amount of money for trades, and if
your profit ratio becomes unequal or low, then you might be losing a good
amount of money in brokerage only. So, brokerage should be low or that much,
which you can digest in your loss trades.
brokerage is high, and if you are a trader who mostly trades short-term and
intraday, then you are going to pay a high amount of money for trades, and if
your profit ratio becomes unequal or low, then you might be losing a good
amount of money in brokerage only. So, brokerage should be low or that much,
which you can digest in your loss trades.
Now, how much does Zerodha charge?
- Delivery in equity is free.
- Intraday and F&O trade brokerage is 20 rupees.
- Free for Direct Mutual Funds.
In Brokerage, Zerodha is what I think is the best. From the start of my
trading journey, I found its brokerage to be low, and there are many other
brokerage firms that are trying to compete with it, but I think somewhere
around the business, its execution is better than others, which have a strong
branding strategy.
trading journey, I found its brokerage to be low, and there are many other
brokerage firms that are trying to compete with it, but I think somewhere
around the business, its execution is better than others, which have a strong
branding strategy.
4. Maintenance charges
This is also one of the factors that is considered one of the most essential
factors before going to select a demat account at any firm.
factors before going to select a demat account at any firm.
Maintenance, as the name suggests, is something that is charged by the firm for
account maintenance. Different demat firms have different amounts of
deduction for maintenance charges.
account maintenance. Different demat firms have different amounts of
deduction for maintenance charges.
Some are quarterly deducted, and some are annually deducted. In my case, I
have mostly seen a quarterly deduction.
have mostly seen a quarterly deduction.
The lower the charge, the less money the individual traders have to pay to
the demat firm, and the less money the individual will pay, the better it
will be for the traders or investors. So put this on your checklist before
going to select the demat firm.
the demat firm, and the less money the individual will pay, the better it
will be for the traders or investors. So put this on your checklist before
going to select the demat firm.
How much does Zerodha charge for account maintenance?
Now this is the question that we are all looking for in this post, and the
answer is listed below.
answer is listed below.
Zerodha has listed two types of accounts to charge for maintenance.
- BSDA (Basic Services Demat Account) and
- NON-BSDA.
Basically, here we are going to talk about BSDA, not NON-BSDA,
because it is not useful for us; it is for corporations, public and private
companies, industries, etc.
because it is not useful for us; it is for corporations, public and private
companies, industries, etc.
HA: Holding amount
AC: Annual charges
QC: Quarterly charges
If HA: up to ₹50,000
AC: zero charges
QC: zero charges
If HA: ₹50,001 to ₹2,00,000
AC: ₹100 + 18% GST
QC: ₹25 + 18% GST
If HA: Above ₹2,00,000
AC: ₹300 + 18% GST
QC: ₹75 + 18% GST
Well, I personally found it decent, and normally, we can spend that much
money on maintenance charges.
money on maintenance charges.
3. Account opening
Many people take it seriously, and many are like that they skip this step in
adding to their checklist; they see other things, not this; they started to
believe that this is a one-time process and they have to labour it one time
and finish, but actually, it is not like that; it is a lifetime process.
adding to their checklist; they see other things, not this; they started to
believe that this is a one-time process and they have to labour it one time
and finish, but actually, it is not like that; it is a lifetime process.
How is it a lifetime process?
Have you ever thought about the fact that when you open a Demat
account anywhere, you have to read the terms, conditions, and privacy policy
of that firm to move on to the next step?
account anywhere, you have to read the terms, conditions, and privacy policy
of that firm to move on to the next step?
That is the long-term process because, at the opening of your account, the
Demat firm tells you to adhere to the rules that you had to follow to the
end.
Demat firm tells you to adhere to the rules that you had to follow to the
end.
There are two things you have to remember when going to open an account, and
they are:
they are:
- How easy is it to open an account at that particular firm where you are
going to open an account? - How much will it cost you to open an account?
First,
it will be easy for us if that demat firm allows us to open an account
online. Basically, everything is now online, so in most cases, you will
see that almost every demat firm allows us to open an account online.
it will be easy for us if that demat firm allows us to open an account
online. Basically, everything is now online, so in most cases, you will
see that almost every demat firm allows us to open an account online.
Second,
it is better if it is charging a small amount to let you open an
account.
it is better if it is charging a small amount to let you open an
account.
How easy and costly is it to open an account at Zerodha?
Well, let us first talk about the ease of opening an account at Zerodha.
I find it super easy to open an account at Zerodha. Well, if you compare, it
is as easy as opening an account on Facebook. The only thing you need is the
following:
is as easy as opening an account on Facebook. The only thing you need is the
following:
- Adhaar card linked to your mobile number
- Self-attested Pan card
- Your bank statement and passbook first page with the bank logo in
it. - Go to the Zerodha e-sign page and do the needful; they will ask you,
and you are done. - Accounts will be opened within 72 working hours, as Zerodha says, but
I found in my cases and those of my friends that they were opened
within 48 hours.
whereas about account opening charges, they charge a small amount of
₹200.
₹200.
2.customer support
Nothing is as important as this, as it allows you to communicate with
officials related to the firm.
officials related to the firm.
It is a universal truth that a firm or nothing whose customer support is not
good means that the business model or the application related to the firm
has some suspicious things, which is not good for the firm nor for the
customer who is enthusiastic to open or select any item from the firm.
good means that the business model or the application related to the firm
has some suspicious things, which is not good for the firm nor for the
customer who is enthusiastic to open or select any item from the firm.
Fast and good customer support allows us to believe in their service and
makes us confident enough to do anything with that firm.
makes us confident enough to do anything with that firm.
Normally, every demat account firm has customer support, but what makes them
different from others is their speed and their intention to help their
customers at any cost.
different from others is their speed and their intention to help their
customers at any cost.
Before opening an account, every firm’s customer support is good because of
their selfishness, which allows them to do so.
their selfishness, which allows them to do so.
Once you have done your account opening and spent a few months, and after
that, you try to reach them and call them, they will just unnotice your
problem for 1 or 2 days and then reply, and if you try to talk on the phone,
they will not be so interested in helping you.
that, you try to reach them and call them, they will just unnotice your
problem for 1 or 2 days and then reply, and if you try to talk on the phone,
they will not be so interested in helping you.
So there are lots of problems related to customer support; it’s better to
choose a firm whose customer service is good and speedy.
choose a firm whose customer service is good and speedy.
Yes, there are a few demat account firms whose customer service is good and
some whose service is not up to par.
some whose service is not up to par.
How is customer service at Zerodha?
See, before going to select Zerodha, I too was very worried about their
service and their platform authenticity, and more things were on my mind,
but after using it since 2016, I am very confident about their service and
find it very helpful in any problem I have faced since my starting of
trading in Zerodha.
service and their platform authenticity, and more things were on my mind,
but after using it since 2016, I am very confident about their service and
find it very helpful in any problem I have faced since my starting of
trading in Zerodha.
There are two ways in which you can reach Zerodha for any help you need, and
they are as follows:
they are as follows:
By going to their support portal, raising a ticket, and asking for the
help you need in that ticket, within a few seconds, you can get your
answer. and- By making a phone call and asking for help with your queries.
Besides these, there are many suggestions and help you can get on social
media sites like YouTube, and you can even go to their official website
and read all the solutions to the questions that people have usually
faced.
media sites like YouTube, and you can even go to their official website
and read all the solutions to the questions that people have usually
faced.
Remember:
a problem here means that it is faced by traders when they are new, and it
is very normal as one may face it because of their newness to the site. It
happens in every demat firm, but the main thing is how they tackle it to
remove it. And in the Zerodha case, I personally find it easy and very
comfortable.
a problem here means that it is faced by traders when they are new, and it
is very normal as one may face it because of their newness to the site. It
happens in every demat firm, but the main thing is how they tackle it to
remove it. And in the Zerodha case, I personally find it easy and very
comfortable.
1. User interface (UI)
This is what makes Zerodha so different from other demat accounts.
A good interface creates a good environment to trade in, and it also
improves the user experience for the traders.
improves the user experience for the traders.
Basically, a dull interface makes a user want to go to other firms. So, now
a days, every demat firm wants to provide a good platform with good
interferance so that their customers can be happy to trade on their platform
without going anywhere else.
a days, every demat firm wants to provide a good platform with good
interferance so that their customers can be happy to trade on their platform
without going anywhere else.
So what do we need to see to check whether it has a good interface or not?
Follow the steps below to find a good one:
- Frindly environment
- Good design
- Easy to work with
- Better charting experience and
- Notification facility of stocks we are seeing to buy or sell.
How is the Zerodha interface?
As Zerodha provides its own app in the name of KITE, anyone can visit the
App Store or Google Play and download the app.
App Store or Google Play and download the app.
The things that Zerodha provides to lure its customers are:
- Its sleek design allows the user to seamlessly do the necessary
trading stuff on their platform without any hassle. - It provides an advanced charting facility for technical analysis of
the stock. - It provides a nudge facility that warns the traders of their trade
risk. - It also provides 20 market-depth facilities.
- A GTT facility, which stands for good till tigered, allows you to set
a target and stoploss for your stock.
Final thoughts
I have personally been with Zerodha for many years and find it to be the
best one for me.
Charting facilities in Zerodha seem to work the best for me, and many more
lure me to be with Zerodha.
A good trader or investor needs this kind of helpful environment, which
Zerodha provides.
FAQs on the zerodha
- Is Zerodha an online platform?
- Yes, it is an online platform with much more facilities than you
can imagine.
- Yes, it is an online platform with much more facilities than you
- Does Zerodha have an app? If yes, then what is its name?
- Yes, it has, and the name is KITE. You can download it from the
Google Play Store, or you can visit the Zerodha official site to
download it.
- Yes, it has, and the name is KITE. You can download it from the
- Is Zerodha an online platform?
